$IOTX is ripping, but this is exactly where people get carried out. ⚠️
Price at $0.003450, up 54.02% in 24h and +54.7% in the 4h window. Volume is $5.45M, basically 22.8x the 20d average. That kind of move can keep going, sure. It can also mean the wick is already built 😬
RSI(14) on 4h is 94. Overbought as hell. Futures funding at -0.013% means shorts are paying, so the squeeze isn’t dead yet, but MAs are mixed and chopping. This is not a clean trend. It’s a knife fight. I’ve been burned chasing these before.
#IOTX
#Crypto
#Binance
Price at $0.003450, up 54.02% in 24h and +54.7% in the 4h window. Volume is $5.45M, basically 22.8x the 20d average. That kind of move can keep going, sure. It can also mean the wick is already built 😬
RSI(14) on 4h is 94. Overbought as hell. Futures funding at -0.013% means shorts are paying, so the squeeze isn’t dead yet, but MAs are mixed and chopping. This is not a clean trend. It’s a knife fight. I’ve been burned chasing these before.
#IOTX
#Crypto
#Binance